Own Lux funds recommended to keep UK IFAs afloat

clock

UK IFAs can make their businesses more attractive in times of consolidation by using Luxembourg-regulated funds, according to KMG Sicav-SIF.

After the Retail Distribution Review (RDR) proposed changes to the operation of IFA businesses in the UK, some commentators are anticipating an area of 'unprecedented consolidation' as many IFA owners are expected to retire or sell up. "By setting up their own funds, IFAs can create embedded value by increasing their renewable income and this will, in turn, enhance their position," said Kevin Mudd, founder and director of KMG Sicav-SIF. He believes planning ahead is vital to increase the value of an IFA's business by taking more control of 'funds under influence' and making them 'funds ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •